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RNS Number : 3424F Gamma Communications PLC 22 May 2026
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION
22 May 2026
Gamma Communications plc
Transaction in Own Shares and Rule 2.9 Announcement
Gamma Communications plc ("Gamma" or the "Company") announces today that in
accordance with the terms of its share buyback programme announced on 13
January 2026 (the "Buyback Programme"), it has purchased the following number
of its ordinary shares of 0.25 pence each ("ordinary shares") through Investec
Bank plc ("Investec").
Ordinary shares
Date of purchase: 21 May 2026
Number of ordinary shares purchased: 23,500
Lowest price per share (pence): 965.00
Highest price per share (pence): 992.50
Weighted average price per day (pence): 978.2209
The Company intends to cancel the purchased ordinary shares.
Following settlement of the above purchases, Gamma has purchased a total of
1,762,776 ordinary shares since the commencement of the buyback programme and
will have 92,001,575 ordinary shares in issue. There are 1,578,525 ordinary
shares held in treasury. The total voting rights in the Company are therefore
90,423,050 and this can be used by shareholders as the denominator for the
calculations by which they can determine if they are required to notify their
interest in, or change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
Rule 2.9
The Company announced on 7 April 2026 that it had entered into an offer
period. The ordinary shares are relevant securities of Gamma for the purposes
of Rule 8 of The City Code on Takeovers and Mergers (the "Code"). In
accordance with Rule 2.9 of the Code, the Company confirms that it has
90,423,050 ordinary shares in issue (excluding treasury shares) as at the date
and time of this announcement. The ordinary shares are voting shares (each
such ordinary share carries one vote per ordinary share) and are admitted to
trading on the main market of the London Stock Exchange under the
International Securities Identification Number GB00BQS10J50 and the Company's
LEI number is 213800LAQZXPRIZUEH50.
Aggregate information:
Venue Volume-weighted average price (p) Aggregated volume Lowest price per share (p) Highest price per share (p)
XLON 978.2209 23,500 965.00 992.50
Schedule of Purchases - Individual Transactions
In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No
596/2014 as it forms part of UK law, a full breakdown of the individual trades
made by Investec on behalf of the Company as part of the Programme is found
below.
Date and time of each trade Number of shares purchased Price (pence per share) Trading Venue Transaction Reference Number
21 May 2026 08:14:00 81 979.00 XLON 00395225090TRLO1
21 May 2026 08:14:03 81 978.50 XLON 00395225102TRLO1
21 May 2026 08:14:03 78 980.00 XLON 00395225103TRLO1
21 May 2026 08:14:03 10 980.00 XLON 00395225104TRLO1
21 May 2026 08:17:02 207 981.50 XLON 00395226341TRLO1
21 May 2026 08:17:02 57 981.50 XLON 00395226342TRLO1
21 May 2026 08:17:02 78 978.50 XLON 00395226343TRLO1
21 May 2026 08:17:10 83 979.50 XLON 00395226397TRLO1
21 May 2026 08:17:49 83 978.00 XLON 00395226865TRLO1
21 May 2026 08:18:09 79 978.50 XLON 00395227060TRLO1
21 May 2026 08:18:09 62 977.50 XLON 00395227061TRLO1
21 May 2026 08:19:24 78 977.50 XLON 00395228058TRLO1
21 May 2026 08:22:11 83 977.50 XLON 00395229920TRLO1
21 May 2026 08:24:32 79 980.00 XLON 00395231199TRLO1
21 May 2026 08:24:32 3 980.00 XLON 00395231200TRLO1
21 May 2026 08:25:26 79 978.50 XLON 00395231780TRLO1
21 May 2026 08:25:26 3 978.50 XLON 00395231781TRLO1
21 May 2026 08:25:45 80 978.00 XLON 00395231976TRLO1
21 May 2026 08:27:40 83 977.50 XLON 00395232984TRLO1
21 May 2026 08:30:00 78 976.50 XLON 00395234533TRLO1
21 May 2026 08:30:32 78 976.50 XLON 00395235001TRLO1
21 May 2026 08:30:51 77 975.50 XLON 00395235202TRLO1
21 May 2026 08:30:58 80 975.50 XLON 00395235278TRLO1
21 May 2026 08:30:58 80 975.50 XLON 00395235279TRLO1
21 May 2026 08:31:22 79 975.50 XLON 00395235525TRLO1
21 May 2026 08:32:52 81 975.50 XLON 00395236873TRLO1
21 May 2026 08:36:15 77 976.50 XLON 00395239299TRLO1
21 May 2026 08:38:51 79 977.50 XLON 00395240561TRLO1
21 May 2026 08:38:51 79 977.50 XLON 00395240562TRLO1
21 May 2026 08:40:47 80 977.00 XLON 00395241362TRLO1
21 May 2026 08:44:22 82 980.00 XLON 00395242946TRLO1
21 May 2026 08:50:34 80 985.00 XLON 00395245762TRLO1
21 May 2026 08:55:47 79 986.50 XLON 00395248481TRLO1
21 May 2026 08:56:48 78 986.50 XLON 00395248878TRLO1
21 May 2026 08:56:51 77 987.00 XLON 00395248892TRLO1
21 May 2026 08:56:51 77 987.00 XLON 00395248893TRLO1
21 May 2026 08:56:51 77 987.00 XLON 00395248894TRLO1
21 May 2026 08:56:55 77 987.00 XLON 00395248969TRLO1
21 May 2026 08:57:28 80 986.50 XLON 00395249183TRLO1
21 May 2026 08:58:27 77 986.50 XLON 00395249684TRLO1
21 May 2026 09:00:45 21 984.50 XLON 00395250527TRLO1
21 May 2026 09:00:45 59 984.50 XLON 00395250528TRLO1
21 May 2026 09:00:45 83 982.50 XLON 00395250529TRLO1
21 May 2026 09:00:51 83 981.00 XLON 00395250550TRLO1
21 May 2026 09:02:07 82 978.50 XLON 00395251009TRLO1
21 May 2026 09:10:03 84 978.50 XLON 00395254902TRLO1
21 May 2026 09:17:01 81 980.50 XLON 00395257984TRLO1
21 May 2026 09:21:09 81 979.50 XLON 00395259427TRLO1
21 May 2026 09:21:14 79 979.00 XLON 00395259445TRLO1
21 May 2026 09:25:25 79 981.00 XLON 00395262006TRLO1
21 May 2026 09:29:19 76 981.00 XLON 00395263320TRLO1
21 May 2026 09:29:19 5 981.00 XLON 00395263321TRLO1
21 May 2026 09:30:27 5 980.50 XLON 00395263762TRLO1
21 May 2026 09:30:27 76 980.50 XLON 00395263763TRLO1
21 May 2026 09:30:29 81 980.00 XLON 00395263775TRLO1
21 May 2026 09:30:29 322 980.00 XLON 00395263776TRLO1
21 May 2026 09:39:03 154 982.00 XLON 00395267562TRLO1
21 May 2026 09:39:32 79 982.00 XLON 00395267749TRLO1
21 May 2026 09:40:36 3 983.00 XLON 00395268169TRLO1
21 May 2026 09:40:37 83 983.50 XLON 00395268178TRLO1
21 May 2026 09:40:37 77 983.50 XLON 00395268179TRLO1
21 May 2026 09:52:20 2 985.50 XLON 00395275387TRLO1
21 May 2026 10:06:55 17 988.00 XLON 00395283429TRLO1
21 May 2026 10:06:55 313 988.00 XLON 00395283430TRLO1
21 May 2026 10:13:42 83 989.00 XLON 00395286422TRLO1
21 May 2026 10:18:07 77 988.50 XLON 00395288686TRLO1
21 May 2026 10:18:07 76 988.50 XLON 00395288687TRLO1
21 May 2026 10:18:51 166 988.00 XLON 00395288900TRLO1
21 May 2026 10:22:34 165 990.00 XLON 00395290750TRLO1
21 May 2026 10:22:34 127 990.00 XLON 00395290751TRLO1
21 May 2026 10:22:34 31 990.00 XLON 00395290752TRLO1
21 May 2026 10:22:34 31 990.00 XLON 00395290753TRLO1
21 May 2026 10:22:34 127 990.00 XLON 00395290754TRLO1
21 May 2026 10:30:44 166 991.50 XLON 00395294559TRLO1
21 May 2026 10:30:44 164 991.50 XLON 00395294560TRLO1
21 May 2026 10:31:50 164 991.00 XLON 00395295024TRLO1
21 May 2026 10:34:57 139 991.00 XLON 00395296574TRLO1
21 May 2026 10:34:57 107 991.00 XLON 00395296575TRLO1
21 May 2026 10:39:21 7 992.00 XLON 00395299094TRLO1
21 May 2026 10:40:07 1 992.00 XLON 00395299783TRLO1
21 May 2026 10:42:00 79 992.00 XLON 00395300624TRLO1
21 May 2026 10:49:59 251 992.50 XLON 00395306729TRLO1
21 May 2026 10:52:12 158 991.50 XLON 00395308308TRLO1
21 May 2026 11:06:36 157 990.00 XLON 00395313550TRLO1
21 May 2026 11:06:36 79 990.00 XLON 00395313551TRLO1
21 May 2026 11:06:36 79 990.00 XLON 00395313552TRLO1
21 May 2026 11:06:36 78 990.00 XLON 00395313553TRLO1
21 May 2026 11:06:36 78 990.00 XLON 00395313554TRLO1
21 May 2026 11:06:46 54 991.50 XLON 00395313563TRLO1
21 May 2026 11:08:59 246 992.00 XLON 00395313608TRLO1
21 May 2026 11:10:05 1 991.00 XLON 00395313666TRLO1
21 May 2026 11:10:38 220 991.50 XLON 00395313713TRLO1
21 May 2026 11:10:38 12 991.50 XLON 00395313714TRLO1
21 May 2026 11:10:38 1 991.50 XLON 00395313715TRLO1
21 May 2026 11:18:30 322 990.00 XLON 00395314093TRLO1
21 May 2026 11:18:30 80 990.00 XLON 00395314094TRLO1
21 May 2026 11:18:30 80 990.00 XLON 00395314095TRLO1
21 May 2026 11:26:04 158 991.00 XLON 00395314530TRLO1
21 May 2026 11:26:04 78 991.00 XLON 00395314531TRLO1
21 May 2026 11:26:22 166 990.00 XLON 00395314602TRLO1
21 May 2026 11:26:33 82 988.00 XLON 00395314615TRLO1
21 May 2026 11:28:01 79 987.00 XLON 00395314825TRLO1
21 May 2026 11:28:01 80 987.00 XLON 00395314826TRLO1
21 May 2026 11:33:34 155 985.00 XLON 00395315306TRLO1
21 May 2026 11:38:37 81 984.00 XLON 00395315603TRLO1
21 May 2026 11:38:37 80 984.00 XLON 00395315604TRLO1
21 May 2026 11:49:07 478 983.50 XLON 00395316154TRLO1
21 May 2026 11:52:30 233 983.00 XLON 00395316301TRLO1
21 May 2026 12:08:00 166 978.50 XLON 00395317198TRLO1
21 May 2026 12:15:51 229 979.50 XLON 00395317650TRLO1
21 May 2026 12:15:51 76 979.50 XLON 00395317651TRLO1
21 May 2026 12:15:51 76 979.50 XLON 00395317652TRLO1
21 May 2026 12:23:39 156 980.50 XLON 00395318135TRLO1
21 May 2026 12:24:02 168 978.50 XLON 00395318199TRLO1
21 May 2026 12:25:37 240 975.50 XLON 00395318343TRLO1
21 May 2026 12:26:20 156 974.00 XLON 00395318355TRLO1
21 May 2026 12:34:05 104 975.50 XLON 00395318646TRLO1
21 May 2026 12:34:05 59 975.50 XLON 00395318647TRLO1
21 May 2026 12:34:25 81 975.00 XLON 00395318656TRLO1
21 May 2026 12:36:05 16 974.00 XLON 00395318693TRLO1
21 May 2026 12:36:05 63 974.00 XLON 00395318694TRLO1
21 May 2026 12:52:47 29 972.00 XLON 00395320717TRLO1
21 May 2026 12:55:35 27 972.50 XLON 00395320812TRLO1
21 May 2026 12:55:35 22 972.50 XLON 00395320813TRLO1
21 May 2026 12:55:35 22 972.50 XLON 00395320814TRLO1
21 May 2026 12:57:09 267 972.00 XLON 00395320835TRLO1
21 May 2026 13:05:30 187 972.50 XLON 00395321040TRLO1
21 May 2026 13:08:21 218 972.00 XLON 00395321123TRLO1
21 May 2026 13:21:29 233 973.50 XLON 00395321438TRLO1
21 May 2026 13:21:29 78 973.50 XLON 00395321439TRLO1
21 May 2026 13:30:18 319 970.50 XLON 00395321684TRLO1
21 May 2026 13:30:18 80 970.50 XLON 00395321685TRLO1
21 May 2026 13:30:18 80 970.50 XLON 00395321686TRLO1
21 May 2026 13:30:18 79 970.50 XLON 00395321687TRLO1
21 May 2026 13:30:18 80 970.50 XLON 00395321688TRLO1
21 May 2026 14:08:45 237 973.50 XLON 00395322691TRLO1
21 May 2026 14:17:00 318 973.00 XLON 00395323039TRLO1
21 May 2026 14:27:16 244 972.00 XLON 00395323480TRLO1
21 May 2026 14:27:16 81 972.00 XLON 00395323481TRLO1
21 May 2026 14:27:47 250 970.50 XLON 00395323542TRLO1
21 May 2026 14:31:25 315 969.50 XLON 00395323937TRLO1
21 May 2026 14:31:25 78 969.50 XLON 00395323938TRLO1
21 May 2026 14:31:25 79 969.50 XLON 00395323939TRLO1
21 May 2026 14:38:30 187 965.00 XLON 00395324630TRLO1
21 May 2026 14:38:30 231 965.00 XLON 00395324631TRLO1
21 May 2026 14:58:00 179 968.00 XLON 00395326804TRLO1
21 May 2026 15:02:52 89 969.00 XLON 00395327209TRLO1
21 May 2026 15:05:23 329 968.50 XLON 00395327331TRLO1
21 May 2026 15:05:38 305 968.00 XLON 00395327339TRLO1
21 May 2026 15:14:54 324 971.00 XLON 00395328239TRLO1
21 May 2026 15:15:37 168 970.50 XLON 00395328371TRLO1
21 May 2026 15:15:37 74 970.50 XLON 00395328372TRLO1
21 May 2026 15:16:33 231 970.00 XLON 00395328449TRLO1
21 May 2026 15:33:50 467 972.50 XLON 00395329405TRLO1
21 May 2026 15:33:50 476 972.00 XLON 00395329406TRLO1
21 May 2026 15:34:18 249 973.50 XLON 00395329422TRLO1
21 May 2026 15:34:18 148 973.50 XLON 00395329423TRLO1
21 May 2026 15:35:14 308 973.00 XLON 00395329480TRLO1
21 May 2026 15:36:26 245 973.00 XLON 00395329524TRLO1
21 May 2026 15:41:39 235 972.50 XLON 00395329892TRLO1
21 May 2026 15:47:25 55 971.50 XLON 00395330196TRLO1
21 May 2026 15:55:17 305 974.50 XLON 00395330740TRLO1
21 May 2026 15:55:42 314 976.00 XLON 00395330784TRLO1
21 May 2026 15:55:48 323 975.00 XLON 00395330799TRLO1
21 May 2026 15:55:48 133 975.00 XLON 00395330800TRLO1
21 May 2026 15:56:12 247 974.50 XLON 00395330826TRLO1
21 May 2026 15:56:21 106 974.50 XLON 00395330847TRLO1
21 May 2026 15:59:48 58 974.50 XLON 00395331057TRLO1
21 May 2026 15:59:48 30 974.50 XLON 00395331058TRLO1
21 May 2026 16:00:17 384 975.00 XLON 00395331125TRLO1
21 May 2026 16:06:35 158 974.50 XLON 00395331609TRLO1
21 May 2026 16:06:35 79 974.50 XLON 00395331610TRLO1
21 May 2026 16:06:35 78 974.50 XLON 00395331611TRLO1
21 May 2026 16:07:23 55 973.50 XLON 00395331662TRLO1
21 May 2026 16:07:23 101 973.50 XLON 00395331663TRLO1
21 May 2026 16:08:24 77 973.00 XLON 00395331762TRLO1
21 May 2026 16:08:24 77 973.00 XLON 00395331763TRLO1
21 May 2026 16:10:52 325 974.50 XLON 00395331944TRLO1
21 May 2026 16:15:13 163 974.00 XLON 00395332590TRLO1
21 May 2026 16:15:13 82 974.00 XLON 00395332591TRLO1
21 May 2026 16:15:13 82 974.00 XLON 00395332592TRLO1
21 May 2026 16:15:13 81 974.00 XLON 00395332593TRLO1
21 May 2026 16:16:59 78 974.00 XLON 00395332703TRLO1
21 May 2026 16:17:28 77 974.00 XLON 00395332752TRLO1
21 May 2026 16:17:57 80 974.00 XLON 00395332852TRLO1
21 May 2026 16:18:24 58 974.00 XLON 00395332916TRLO1
21 May 2026 16:18:24 21 974.00 XLON 00395332917TRLO1
21 May 2026 16:18:51 80 974.00 XLON 00395332947TRLO1
21 May 2026 16:19:12 80 974.00 XLON 00395332983TRLO1
21 May 2026 16:19:32 78 974.00 XLON 00395333013TRLO1
21 May 2026 16:19:50 137 974.00 XLON 00395333045TRLO1
Enquiries:
Gamma Communications plc +44 (0) 33 3006 5972
Martin Hellawell, Chair
Andrew Belshaw, Chief Executive Officer
Rachael Matzopoulos, Company Secretary
Barclays Bank PLC, acting through its Investment Bank +44 (0) 20 7623 2323
(Lead Financial Adviser)
Alastair Blackman / Alex Evans / Callum West / Michael Hart
Q Advisors (Joint Financial Adviser) +1 720 837 3214
Michael Quinn / Kristian MacCarter
Investec (Joint Financial Adviser and Joint Broker) +44 (0) 20 7597 5970
Patrick Robb / Virginia Bull
Peel Hunt (Joint Financial Adviser and Joint Broker) +44 (0) 20 7418 8900
Neil Patel / Alice Lane / Benjamin Cryer
Teneo (Financial PR Adviser) +44 (0) 20 7260 2700
James Macey White / Matt Low
Disclaimer
Barclays Bank PLC, acting through its Investment Bank ("Barclays"), which is
authorised by the Prudential Regulation Authority and regulated in the United
Kingdom by the Financial Conduct Authority and the Prudential Regulation
Authority, is acting exclusively for Gamma and no one else in connection with
the matters set out in this announcement and will not be responsible to anyone
other than Gamma for providing the protections afforded to clients of Barclays
nor for providing advice in relation to any matter referred to in this
announcement.
Investec Bank plc ("Investec"), which is authorised by the Prudential
Regulation Authority (the "PRA") and regulated by the Financial Conduct
Authority and PRA in the United Kingdom, is acting exclusively for Gamma and
for no one else in connection with the matters set out in this announcement
and will not be responsible to any person other than Gamma for providing the
protections afforded to clients of Investec, nor for providing advice in
relation to any matter referred to in this announcement. Neither Investec nor
any of its subsidiaries, branches or affiliates owes or accepts any duty,
liability or responsibility whatsoever (whether direct or indirect, whether in
contract, in tort, under statute or otherwise) to any person who is not a
client of Investec in connection with this announcement, any statement
contained herein or otherwise.
Peel Hunt LLP is authorised and regulated in the United Kingdom by the
Financial Conduct Authority and is acting exclusively for Gamma and no one
else in connection with the matters set out in this announcement and will not
be responsible to anyone other than Gamma for providing the protections
afforded to clients of Peel Hunt LLP nor for providing advice in relation to
any matter referred to in this announcement.
In accordance with the Code, normal United Kingdom market practice and Rule
14e-5(b) of the Securities Exchange Act 1934 of the United States, Barclays,
Investec, Peel Hunt and its affiliates will continue to act as exempt
principal traders in Gamma securities on the London Stock Exchange. These
purchases and activities by exempt principal traders which are required to be
made public in the United Kingdom pursuant to the Code will be reported to a
Regulatory Information Service and will be available on the London Stock
Exchange website at www.londonstockexchange.com. This information will also be
publicly disclosed in the United States to the extent that such information is
made public in the United Kingdom.
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of
any class of relevant securities of an offeree company or of any securities
exchange offeror (being any offeror other than an offeror in respect of which
it has been announced that its offer is, or is likely to be, solely in cash)
must make an Opening Position Disclosure following the commencement of the
offer period and, if later, following the announcement in which any securities
exchange offeror is first identified. An Opening Position Disclosure must
contain details of the person's interests and short positions in, and rights
to subscribe for, any relevant securities of each of (i) the offeree company
and (ii) any securities exchange offeror(s). An Opening Position Disclosure by
a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm
(London time) on the 10th business day following the commencement of the offer
period and, if appropriate, by no later than 3.30 pm (London time) on the 10th
business day following the announcement in which any securities exchange
offeror is first identified. Relevant persons who deal in the relevant
securities of the offeree company or of a securities exchange offeror prior to
the deadline for making an Opening Position Disclosure must instead make a
Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1%
or more of any class of relevant securities of the offeree company or of any
securities exchange offeror must make a Dealing Disclosure if the person deals
in any relevant securities of the offeree company or of any securities
exchange offeror. A Dealing Disclosure must contain details of the dealing
concerned and of the person's interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree company and
(ii) any securities exchange offeror(s), save to the extent that these details
have previously been disclosed under Rule 8. A Dealing Disclosure by a person
to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London
time) on the business day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or understanding,
whether formal or informal, to acquire or control an interest in relevant
securities of an offeree company or a securities exchange offeror, they will
be deemed to be a single person for the purpose of Rule 8.3.Opening Position
Disclosures must also be made by the offeree company and by any offeror and
Dealing Disclosures must also be made by the offeree company, by any offeror
and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and
8.4).Details of the offeree and offeror companies in respect of whose relevant
securities Opening Position Disclosures and Dealing Disclosures must be made
can be found in the Disclosure Table on the Takeover Panel's website at
www.thetakeoverpanel.org.uk, including details of the number of relevant
securities in issue, when the offer period commenced and when any offeror was
first identified. You should contact the Panel's Market Surveillance Unit on
+44 (0) 20 7638 0129 if you are in any doubt as to whether you are required to
make an Opening Position Disclosure or a Dealing Disclosure.
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